Binge Drinking in College ________

question 22

Multiple Choice

Binge drinking in college ________

• A) is not as common as most people think.
• B) leads to alcoholism later in life.
• C) can lead to many alcohol-related health and life problems.
• D) leads to more problems for men than women.

---

Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; it is the price that clears the market.

Surplus

A surplus refers to the amount by which the quantity supplied of a product or service exceeds the quantity demanded, often resulting in a decrease in prices.

Shortage

A market condition where the demand for a good exceeds its supply at a specific price, often leading to price increases.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.